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High stakes with new and emerging managers

Private Equity Wire

While in many ways funds are in the business of selling the future, the first thing any prospective investor will do is review the success that the team has had to date. It’s not just new private equity managers that deserve terms like “JAMBOG” (Just Another Middle Market Buyout Group). We’d be happy to chat.

Stakes 52
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CDPQ to Pump $11.2 Billion Into European Private Markets

Pension Pulse

Global private equity fundraising shrank last year, with the impact particularly felt in Europe, where there was a 30% decline from 2021, according to Preqin data. Talks were ongoing with at least one prospective buyer of VetPartners, one of the people added. Both groups declined to comment.

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PE managers asking for stapled commitments before agreeing secondary sales

Private Equity Wire

Under these arrangements, prospective buyers of LP interests must also pledge capital to the managers upcoming fund as a condition for approving the sale. A large number of firms who are fundraising are making these asks, she said, adding that Pantheon has resisted some of these conditions in recent transactions.